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20121227
20121227
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on the minds of consumers. coming up in 16 minutes, why political insiders believe washington will allow the country to go over the cliff before making a deal. >>> san francisco police are asking the public to take a closer look at three shoplifting suspects. investigators say on december 20. three women went into two stores near san francisco. the women put goods in their own bags and walked out of the stores, and apparently handed off the goods. >> we believe these women may have been involved in other burglary thefts of retail stores throughout the bay area. >> police arrested sharony powers on suspicion of shoplifting. >>> alameda police are investigating a stabbing during a christmas party that injured four people. investigators say during an argument, 42-year-old tiffany thomas stabbed her sister in the chest. three other family members tried to help, and were stabbed as well, including a teenage girl. all are expected to recover. thomas was arrested on suspicion with assault with a deadly weapon. >>> a remnant from world war ii caused quite a scare. the bomb squad was called out.
. good to be here. meantime in washington, though tax rates on the really rich may be getting all the attention, if there is no fix to an obscure corner of the tax code, millions of middle class americans will pay thousands more to uncle sam. the alternative minimum tax, or amt, is typically paid by just 4 million americans, but no action in washington would mean an additional 30 million americans would fall under the provision. affected households would then have to pay $3700 more in taxes this year. cutting this deadline close has practically become an annual holiday tradition for congress the past few years. 'back in 2010, they passed the amt patch on christmas eve. in 2008/2009, they actually passed it in january and set it retroactively. uncertainty surrounding the amt has the internal revenue service on its toes. the tax agency has warned congress that if no new policy is passed, the irs will need to reprogram its computers, forcing a delay in filings and tax refunds until march of 2013. president obama and members of congress are set to return for one day more of talks to a
. >> welcome back. right now the president is on air force one going back to washington. he shook hands before leaving his vacation in hawaii. he has important talks scheduled to avert the fiscal cliff. >>> as we showed you, the senate is back in session. they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes the senate he is concerned about the house where he will need about 30 republicans to cross party lines. the house speaker said he is not making members of the house come back from their break without a 48 hour notice on a vote. in the last -- >> american people i don't think understand the house is operating without the house of house. its being operated w
is more from washington d.c. >> reporter: senate for harry reid is trying to get republicans on board with the president's latest offer including raising taxes on those making 400,000 a year not 250,000. senator harry reid will pass this plan and does not want to put it to a vote unless he knows it will pass the housement they want to avoid fitting the call. house speaker john boehner held a meeting with fellow gop leaders and said he would give them 48 hours before calling them back from their holiday vacation meaning saturday is the earliest time a fiscal vote could take place on this deal. treasury secretary tim geithner said the united states will hit the debt ceiling on monday unless he takes extraordinary measures. they believe it could force congress to come up with a deal before monday's deadline but some republicans are not as optimistic. live in washington, ktvu channel 2 morning news. >>> they set $2 billion for unit who made her first court appearance. she was drunk when she hit a group of people. the woman was knocked up to a hill and she was studying criminal justice bef
in california. >>> president barack obama is currently on air force 1 flying back to washington. he has important information regarding the economic deadline and more on how we are closing in on another financial barrier which is the debt ceiling. new california laws go into effect for the new year's. here is more on what drivers need to knowment. >> reporter: starting on january 1st you will be able to send and receive text if you have a hands free device that is powered by your voice. and they will be able to tell all underaged passenger that drinking is illegal and if alcohol is being transported, a person 25 years old must be on board to make sure they don't drink. the most recent party bus incident, a woman was killed when she fell out of a party bus when there was drinking involved. and they allowed cars with clean air vehicle stickers to be able to use high occupancy toll lanes even if there is just one person in the car. coming up later, a couple of new laws include if you are driving what sort of proof do you need to show to police if they pull to you over. janine de la vega, k
and elected officials who have been suspended and convicted of crimes. that's what our washington bureau reporter macfarlane found after digging into pub records >> reporter: he orchestrated an outrageously wasteful party in vegas on taxpayers dime. 800,000 spent on expensive food, entertainment including clowns and a mind reader. jeef neely was even photographed there with a hot tub and a wine glass overlooking the city. after the scandal was sauer suh fased and -- surfaced and he was suspended, he kept collecting pay. >> what would we do in the private sector? answer it, we wouldn't put him on leave with pay. we would put him on leave without pay until we find out what was wrong. >> reporter: a separate report found 84 employees under investigation by internal watch dogs at the general services administration collected a whopping $1 million in bonus pay over the past four years. including one worker probed for, quote, abusive authority who snatched $38,000 in taxpayer funded bonuses. but taxpayer watchdogs say congress itself is the biggest rewarder of potential misconduct. >> being
back in washington for high level cliff's. president barack obama cut short his christmas trip in hopes of negotiating a deal with republicans and the deal was to make tax cuts for the wealthy and raising taxes among the rich. the treasury announced they will resore to using a program to help sustain their money. they will look to borrowing where the government defaults on their debt. >>> former president bush remains alert talking with medical staff. former president bush was in the hospital since last monday for complications related to bronchitis. >> we are hoping the medicine and treatments can help him turn things around. >> the former president has a high fever and is now on a liquid only diet. his former florida governor and son have all been frequent visitors. >>> they came after 14 million vehicles came. they say the value of the cars fell sharply after the recalls. a judge must still approve the settlement. >>> how are things looking tara >> so far so good, let's take a live look at the east shore freeway and traffic is moving very nicely there. folks are headed towards berkel
to head back to washington from hawaii tonight. today, house speaker john boehner said it's up to the senate to pass legislation to avoid the steep cuts and tax hikes that are set to take effect january 2nd. some observers say it looks likely the u.s. will go over that cliff allowing lawmakers then to vote to lower taxes after they first go up. >> to make them look better? to appease voters? is that the reason? great. . >> meanwhile, another showdown is looming. the government will hit its federal debt limit on new year's eve and could default unless congress passes legislation to permit more borrowing. >>> the passage of proposition 30 gave governor brown the extra money he wanted for california schools. now he's working on a proposal to differencevy up the funds. eats work -- divvy up the funds. >> he wants to return more accountability, authority and decision-making down to local school districts because teachers, administrators and parents have a better sense of what their local priority are than people here in sacramento do. >> the governor's proposal will be included in h
Search Results 0 to 7 of about 8